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The Relevance of Fiscal Conditions for the Success of European Monetary Integration
International Monetary Fund - 1989
The paper argues that international differences in fiscal conditions influence the relative attractiveness of locating production facilities in different countries and could prove to be a troublesome source of instability for the European economies. Even though physical capital movements tend to...
Persistent link: https://www.econbiz.de/10014396443
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Fiscal Policy Independence in a European Monetary Union
International Monetary Fund - 1990
shock, and an oil price increase. Except in the third case, flexible use of fiscal policies in the two countries is likely … to give better outcomes than a system with constraints on their use. For the oil price shock, there seems to be a good …
Persistent link: https://www.econbiz.de/10014396463
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Fund Surveillance Over Members of Currency Unions
International Monetary Fund - 2005
some time with regional institutions in the euro area, the Central African Economic and Monetary Union (CEMAC), the Eastern … responsible for euro area policies have these discussions been formalized as constituting an integral part of the Fund …
Persistent link: https://www.econbiz.de/10014409950
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Economic and Monetary Union in Europe and Constraintson National Budgetary Policies
International Monetary Fund - 1990
This paper reviews the pros and cons of institutionalized constraints limiting the freedom of national budgetary policies within an Economic and Monetary Union (EMU) in Europe. The issue is approached from three angles: the influence of EMU on (i) budget discipline; (ii) intergenerational equity...
Persistent link: https://www.econbiz.de/10014396369
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EMU and the international monetary system : proceedings of a conference held in Washington DC on March 17-18, 1997, cosponsored by the Fondation Camille Gutt and the IMF
Masson, Paul R. (ed.); Krueger, Thomas H. (contributor);  … - International Monetary Fund - 1997
Persistent link: https://www.econbiz.de/10000630405
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Inflation Differentials in the EU : A Common ( Factors ) Approach with Implications for EU8 Euro Adoption Prospects
International Monetary Fund - 2008
This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …
Persistent link: https://www.econbiz.de/10014401399
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The SDR Interest Rate Basket : Proposed Change of the Representative Interest Rate for the Euro and Amendment to Rule T-1(C)
International Monetary Fund - 2014
The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of … representative interest rate instrument of the euro area in the SDR interest rate basket since 2006. However, faced with a … secondary market yield curve covering euro area government bonds rated either investment grade or AA and above. In staff's view …
Persistent link: https://www.econbiz.de/10014410559
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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy
International Monetary Fund - 2005
Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...
Persistent link: https://www.econbiz.de/10014400699
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Commodity Markets and the International Transmission of Fiscal Shocks
International Monetary Fund - 1988
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395951
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Optimum currency areas : new analytical and policy developments
Bléjer, Mario I. (ed.) - International Monetary Fund - 1997
Persistent link: https://www.econbiz.de/10000967231